Latest market news as of March 03, 2023

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📊 The level of payments of the Guaranteed Buyer to RES producers

The level of payments by SE "Guaranteed Buyer" to RES producers under the "green" tariff for January is 91%, and for February - 54.5%. Since the beginning of 2023, UAH 3.3 billion have been transferred according to the tariff.

The debt of NPC "Ukrenergo" to GB as of February 28, 2023, is UAH 14.1 billion. GB debt to RES producers under the "green" tariff for 2022 reaches 53.3%.


👉🏻 SE "Guaranteed Buyer" submitted proposals to the Law of Ukraine "On the Electricity Energy Market", which give SE the right to export "green" electricity

Artem Nekrasov, the head of GB, said that the proposals were agreed with the Energy Committee, NEURC and NPC Ukrenergo, and soon they will be considered by the Parliament.

"Starting from March and until September, we will again come to a situation in which the generation of green electricity will increase, NPC will limit its production due to excess, but will still pay compensation for the restrictions," explained the head of GB.

The company hopes to start exporting "green" electricity to the EU within a few months after the adoption of the bill.  This will also help reduce the load on the Ukrenergo tariff and avoid imbalances in the summer when there is a surplus of electricity due to weather conditions. The head of GB noted that the generation of "green" electricity will increase in the summer, but NPC will limit its production due to the surplus. He also reminded that last year, the export of electricity made it possible to attract an additional UAH 2.8 billion to cover special duties.  Resource.


✉️ The Market Operator submitted proposals for the introduction of RES debt certificates into circulation 

EUEA received proposals for amendments to the "Law on the Electricity Market" from the Market Operator regarding the introduction of debt certificates. Please consider and let us know your position and/or comments by 12.00 on March 8. The comparison table and presentation from the Market Operator were sent to your email inboxes on March 2.


✔️ Results of the meeting of the NEURC as of February 28:

  • Adjusted the amount of the cost of the service to ensure an increase in the share of electric power production from RES, provided by the Guaranteed Buyer. Resolution and justification.
  • Approved the amount of the cost of the service to ensure the increase in the share of electricity production from RES, provided by universal service providers in January 2023. Resolution and justification.
  • Made changes to the Market Rules and the Day-Ahead/Intraday Market Rules. Resolution and justification.

🔋The Draft Law №8172 on the development of charging infrastructure for electric vehicles was adopted 

On February 24, 2022, in the second reading, draft law No. 8172 was adopted by the Government of Ukraine. The law will promote the development of a network of charging stations, which will lead to an increase in the number of electric cars and electric buses on the country's roads, as well as reduce the amount of polluting emissions from transport. The law also provides for restrictions on the purchase and operation of buses with internal combustion engines (ICE) used in public transport. A complete ban on the operation of such buses, except for hydrogen and methane buses, will start from 2036.


⚡️NEURC simplifies the conditions for the operation of mobile power plants

On February 28, 2023, the NEURC approved at its meeting the draft resolution "On Amendments to the Licensing Conditions for Electricity Production." The document stipulates that the production of electrical energy by mobile power plants will not require obtaining a license for the production of electrical energy. Details.


👉🏻 The Verkhovna Rada adopted Law №4527 on the introduction of highly efficient cogeneration in Ukraine

At the session of the Parliament on February 24, 2023, the State Draft Law dated December 21, 2020 №4527 "On Amendments to the Law of Ukraine "On Combined Production of Heat and Electric Energy (Cogeneration) and Use of Waste Energy Potential" was adopted in the second reading and in its entirety. This law will stimulate the development of highly efficient cogeneration in Ukraine, taking into account the principles and provisions of EU legislation, in particular - Directive 2012/27/EU on energy efficiency.

This reform will help reduce fuel costs and ensure energy security, the flexibility of the energy system and decarbonisation. Resource.


⚡️The Government of Ukraine intends to resume electricity exports in the near future

During a press tour on March 1 at one of the damaged substations of the main network of NPC "Ukrenergo", Yuriy Boyko, adviser to the Prime Minister on energy issues, said that the restoration of the Odesa region's energy supply is expected in the near future. This will become the basis for resuming electricity exports to EU countries and Moldova. Details.


♻️Ukraine will develop eco-industrial parks

The Government portal published the Strategy for the Development of Industrial Parks until 2030, which was approved by the Government by Order №176-r dated 24.02.2023. The strategy defines effective ways of transforming industrial parks into drivers of sustainable development of the national economy and its decarbonization. A key measure for achieving this goal is the development of eco-industrial parks based on the principles of sustainable development, circular economy, resource-efficient and clean production, reducing environmental pollution, increasing the efficiency of resource and waste use, and using energy from renewable sources. To achieve the goals of the strategy, a set of measures has been developed as part of the operational plan for the implementation of the strategy for 2023-2025. Resource.


✔️EU countries will build 30 "gigafactories" for energy conservation

In the EU, a project is being launched to build battery factories for the storage of electricity with the aim of achieving energy independence and a zero level of harmful emissions. This is presented in a release on the website of the European Commission. According to the results of the meeting of the European Battery Alliance, the Vice President of the European Commission, Maros Šefčovyču, said that 30 "gigafactories" will be created in the EU countries to conserve energy. Resource.


✔️ Prime Minister of Italy announces conference on Ukraine reconstruction set for April 2023

Italy's Prime Minister Giorgia Meloni has announced plans for a conference on the reconstruction of Ukraine, scheduled for April 2023. Meloni highlighted the significance of rebuilding damaged structures as a symbol of hope and trust in Ukraine's future. She expressed confidence that Italy's expertise could enable the country to play a leading role in the reconstruction efforts.


💨In 2022, 19.1 GW of new wind farms were installed in Europe

According to WindEurope, Europe will install 19.1 GW of new wind capacity in 2022, of which 87% will be onshore wind farms.2022 was a record year for wind installations in Europe despite a challenging economic environment and supply chain challenges. In Europe, there are already 255 GW of wind power capacity, of which 225 GW are onshore wind turbines, 30 GW are offshore wind turbines.

In particular, Ukraine has installed 83 MW of new wind power capacity in 2022, but 75% of the total installed capacity of WPPs (1.8 GW) is currently not working. The largest capacity of new WPPs was installed in Germany (14%), Sweden (13%), Finland (13%) and France (11%). Almost half of the offshore installations were installed in the UK, and France installed its first large offshore wind farm. WindEurope predicts that between 2023 and 2027, another 129 GW of new wind power capacity will be installed in Europe. Resource.

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Sincerely,

EUEA Team
Dorogozhytska str., 3, UNIT City, building B9, office 5, Kyiv, Ukraine
Mobile (WhatsApp): +38 091 331 0010

mailto: office@euea-energyagency.org   

Established in November 2009, European-Ukrainian Energy Agency (EUEA) has grown into an effective advocate for the realization of Ukraine’s massive renewable energy and energy efficiency potential, by working within Ukraine’s business community, government structures, and with other key energy market stakeholders.

EUEAMembers: 

Acciona, Beycelik-Elawan Renewable Energy LLС, CES, DTEK Renewables, EMERGY AS, EMSOLT, Electrum, Elementum Energy, Eurocape Ukraine, Fichtner, GOLAW, Guris, Green Genius, Green Future, GrECo Ukraine, GSE&C, iC consulenten, IMEPOWER, Indian Solar, Investment Fund for Developing Countries, Irshanska SES, Khmelnytsky Bio Power Plant, Scatec Solar, Schneider Electric Ukraine, Sfera, Sumitomo, SPP Development Ukraine, Thermosystems, TIU Canada, Ukrwindinvestments.


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